GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Days Payable

MicroTech Medical (Hangzhou) Co (HKSE:02235) Days Payable : 65.92 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is MicroTech Medical (Hangzhou) Co Days Payable?

MicroTech Medical (Hangzhou) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$28.4 Mil. MicroTech Medical (Hangzhou) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$78.7 Mil. Hence, MicroTech Medical (Hangzhou) Co's Days Payable for the six months ended in Dec. 2023 was 65.92.

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's Days Payable or its related term are showing as below:

HKSE:02235' s Days Payable Range Over the Past 10 Years
Min: 48.66   Med: 68.95   Max: 80.76
Current: 73.19

During the past 5 years, MicroTech Medical (Hangzhou) Co's highest Days Payable was 80.76. The lowest was 48.66. And the median was 68.95.

HKSE:02235's Days Payable is ranked better than
50.38% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs HKSE:02235: 73.19

MicroTech Medical (Hangzhou) Co's Days Payable declined from Dec. 2022 (83.27) to Dec. 2023 (65.92). It may suggest that MicroTech Medical (Hangzhou) Co accelerated paying its suppliers.

MicroTech Medical (Hangzhou) Co Days Payable Historical Data

The historical data trend for MicroTech Medical (Hangzhou) Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MicroTech Medical (Hangzhou) Co Days Payable Chart

MicroTech Medical (Hangzhou) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
68.95 59.02 48.66 76.74 80.76

MicroTech Medical (Hangzhou) Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 48.96 85.17 83.27 74.13 65.92

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Days Payable

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MicroTech Medical (Hangzhou) Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Days Payable falls into.


MicroTech Medical (Hangzhou) Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MicroTech Medical (Hangzhou) Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (25.499 + 35.063) / 2 ) / 136.859*365
=30.281 / 136.859*365
=80.76

MicroTech Medical (Hangzhou) Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (21.77 + 35.063) / 2 ) / 78.67*365 / 2
=28.4165 / 78.67*365 / 2
=65.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MicroTech Medical (Hangzhou) Co Days Payable Related Terms

Thank you for viewing the detailed overview of MicroTech Medical (Hangzhou) Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

MicroTech Medical (Hangzhou) Co (HKSE:02235) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Days Payable
Comparable Companies
HKSE:02500 HKSE:01696 HKSE:06118 HKSE:06609 HKSE:02170 HKSE:02297 HKSE:02216 HKSE:02393 HKSE:01612 HKSE:02190 ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
N/A
Address
No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.microtechmd.com
MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

MicroTech Medical (Hangzhou) Co (HKSE:02235) Headlines

No Headlines